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Varyaa Creations Overview

1. Business Overview

Varyaa Creations Ltd. operates in the Diamond & Jewellery sector in India. Based on its industry classification, the company is primarily involved in the business of diamonds and jewellery. This typically encompasses sourcing rough or polished diamonds, precious metals (like gold), designing, manufacturing (or outsourcing manufacturing), and then selling finished jewellery products or loose diamonds. The core business model likely involves purchasing raw materials, adding value through design and craftsmanship, and selling these items to wholesalers, retailers, or directly to consumers, making money from the margin on these sales.

2. Key Segments / Revenue Mix

Given the limited information, the company's primary and perhaps sole segment is Diamond & Jewellery. A detailed breakdown into sub-segments such as loose diamonds, studded jewellery, plain gold jewellery, or specific customer types (e.g., wholesale, retail, export) is not available from the provided data.

3. Industry & Positioning

The Indian diamond and jewellery industry is highly diverse and significant globally, characterized by a mix of unorganized local players and a growing number of organized retailers and manufacturers. India is a global hub for diamond cutting and polishing, and its domestic jewellery market is driven by cultural demand, weddings, and festivals. Without specific details on Varyaa Creations Ltd.'s operational scale, product range, customer base (e.g., manufacturer, wholesaler, retailer, exporter), or market share, its precise positioning relative to peers (e.g., mass-market, premium, niche, B2B, B2C) cannot be determined. It operates within a competitive landscape that includes both large established brands and numerous smaller entities.

4. Competitive Advantage (Moat)

Based solely on the name and industry, there is no information to suggest that Varyaa Creations Ltd. possesses a strong, durable competitive advantage (moat). In the diamond and jewellery sector, potential moats can include strong brand recognition and trust (for retailers), economies of scale in sourcing or manufacturing, proprietary designs, efficient supply chain management, or established distribution networks. For a company without disclosed specifics, building and sustaining such advantages against numerous competitors can be challenging.

5. Growth Drivers

Key growth drivers for Varyaa Creations Ltd. would likely align with the broader trends in the Indian jewellery market:

Rising Disposable Incomes: Increasing affluence in India fuels discretionary spending on luxury goods like jewellery.

Cultural Significance: Jewellery holds deep cultural and traditional value in India, ensuring consistent demand for weddings, festivals, and gifting.

Urbanization & Changing Lifestyles: Growing urban populations and evolving consumer preferences could drive demand for modern and designer jewellery.

Organized Sector Growth: The shift from unorganized to organized players could benefit companies that establish strong operational and branding practices.

Export Opportunities: If the company engages in exports, global demand for cut and polished diamonds and finished jewellery would be a driver.

6. Risks

Commodity Price Volatility: Fluctuations in the prices of diamonds, gold, and other precious metals directly impact cost of goods and profitability.

Economic Downturns: Jewellery purchases are discretionary; an economic slowdown can significantly dampen consumer demand.

Intense Competition: The market is fragmented with numerous players, leading to price competition and pressure on margins.

Regulatory Changes: Changes in import duties, taxation (e.g., GST), or hallmarking regulations can affect business operations and costs.

Working Capital Management: The business is inventory-intensive, requiring efficient management of working capital, especially with high-value goods.

Shifting Consumer Preferences: Changes in fashion trends, preference for lab-grown diamonds, or shift towards other luxury items could impact demand.

7. Management & Ownership

No specific information regarding the promoters, management team's experience, or detailed ownership structure of Varyaa Creations Ltd. is provided. In India, many companies, especially smaller ones, are promoter-led, where the vision and experience of the founding family or individuals play a critical role in the company's direction and performance.

8. Outlook

Varyaa Creations Ltd. operates in a sector with significant long-term growth potential in India, driven by cultural factors and increasing wealth. A favorable economic environment and strategic focus on product quality, design, and efficient operations could provide opportunities for growth. However, the industry is also highly competitive, capital-intensive, and susceptible to commodity price volatility and economic cycles. The lack of specific details regarding the company's scale, market strategy, or financial performance makes a precise assessment challenging. Its future performance will largely depend on its ability to navigate competitive pressures, manage input costs, adapt to evolving consumer tastes, and build a distinct market position within this dynamic industry.

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Varyaa Creations Key Financials

Market Cap ₹14 Cr.

Stock P/E 32.4

P/B 0.6

Current Price ₹28.5

Book Value ₹ 49.3

Face Value 10

52W High ₹64.1

Dividend Yield 0%

52W Low ₹ 24

Varyaa Creations Share Price

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Volume
Price

Varyaa Creations Quarterly Price

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Varyaa Creations Peer Comparison

Varyaa Creations Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Varyaa Creations Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 0 2 5 21 31
Other Income 0 0 0 0 0
Total Income 0 3 5 22 31
Total Expenditure 0 2 4 18 30
Operating Profit -0 1 1 4 1
Interest 0 0 0 0 0
Depreciation 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax -0 1 1 4 1
Provision for Tax 0 0 0 1 0
Profit After Tax -0 1 1 3 0
Adjustments 0 0 0 0 0
Profit After Adjustments -0 1 1 3 0
Adjusted Earnings Per Share -0.4 1.7 2.3 8.8 0.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 48% 149% 0% 0%
Operating Profit CAGR -75% 0% 0% 0%
PAT CAGR -100% -100% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -52% NA% NA% NA%
ROE Average 3% 180% 108% 108%
ROCE Average 7% 155% 104% 104%

Varyaa Creations Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds -1 -0 1 4 24
Minority's Interest 0 0 0 0 0
Borrowings 0 0 0 0 0
Other Non-Current Liabilities -0 0 0 0 -0
Total Current Liabilities 3 2 19 5 2
Total Liabilities 2 1 20 9 26
Fixed Assets 0 0 0 0 0
Other Non-Current Assets 1 1 0 0 2
Total Current Assets 2 1 20 8 24
Total Assets 2 1 20 9 26

Varyaa Creations Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 4 0
Cash Flow from Operating Activities 0 0 4 -4 -19
Cash Flow from Investing Activities 0 0 -0 -0 -0
Cash Flow from Financing Activities -0 -0 -0 0 20
Net Cash Inflow / Outflow 0 -0 4 -4 0
Closing Cash & Cash Equivalent 0 0 4 0 0

Varyaa Creations Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -0.38 1.68 2.29 8.75 0.88
CEPS(Rs) -0.37 1.68 2.29 8.76 0.9
DPS(Rs) 0 0 0 0 0
Book NAV/Share(Rs) -2.25 -0.56 1.72 10.47 49.33
Core EBITDA Margin(%) -59.85 25.02 18.7 16.85 2.88
EBIT Margin(%) -28.54 27.4 21.61 18.87 2.84
Pre Tax Margin(%) -144.47 23.46 21.14 18.85 2.79
PAT Margin (%) -144.47 23.46 15.1 14.11 1.34
Cash Profit Margin (%) -142.48 23.51 15.12 14.13 1.38
ROA(%) -5.98 32.03 7.36 21.17 2.47
ROE(%) 0 0 394.75 143.48 3.09
ROCE(%) -1.25 58.45 266.44 191.9 6.53
Receivable days 0 0 0 0 1.7
Inventory Days 6406.48 183.2 580.17 203.3 153.52
Payable days 477.92 123.87 877.96 235.03 20.69
PER(x) 0 0 0 0 56.37
Price/Book(x) 0 0 0 0 1
Dividend Yield(%) 0 0 0 0 0
EV/Net Sales(x) 32.88 0.24 -0.7 0.16 0.75
EV/Core EBITDA(x) -123.87 0.86 -3.23 0.84 26.11
Net Sales Growth(%) 0 2633.85 111.5 309.4 46.47
EBIT Growth(%) 0 2724.42 66.84 257.4 -77.96
PAT Growth(%) 0 543.95 36.13 282.47 -86.07
EPS Growth(%) 0 543.95 36.13 282.47 -89.96
Debt/Equity(x) -3.66 -2.3 0 0 0
Current Ratio(x) 0.57 0.57 1.03 1.73 12.59
Quick Ratio(x) 0.03 0.02 0.22 0.08 2.93
Interest Cover(x) -0.25 6.97 45.74 1261.72 54.58
Total Debt/Mcap(x) 0 0 0 0 0

Varyaa Creations Shareholding Pattern

# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 72.03 72.03 72.03 72.03 72.03 72.03 72.03 72.03
FII 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0
Public 27.97 27.97 27.97 27.97 27.97 27.97 27.97 27.97
Others 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100

Varyaa Creations News

Varyaa Creations Pros & Cons

Pros

  • Stock is trading at 0.6 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 180%
  • Debtor days have improved from 235.03 to 20.69days.
  • Company is almost debt free.

Cons

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